Reclaims title as Australia's wealthiest person after year at No.

Reclaims title as Australia's wealthiest person after year at No. 5. Founded and owns 31% of Fortescue Metals, country's third-biggest iron ore exporter. Despite gifting part of stake, the value of his shares rose steadily in 2009, thanks to increased Chinese demand for iron ore. Cleared in legal action Australia's corporate regulator took against him for allegedly misleading shareholders.